Tech Jungle

Foreign tax haven base for infra SPVs
June 4, 2007, 3:15 pm
Filed under: FINANCE

The proposed offshore special purpose vehicles (SPV) for funding infrastructure projects, that will utilise a part of the country’s $200-billion foreign exchange reserves, are likely to be set up in a tax haven. The Netherlands, Cyprus and Singapore are among the locations that may be considered once a decision to set up the SPVs is taken. The government is proposing to set up two SPVs.


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